Press Release

Beam Announces Agreement for Lilly to Acquire Opt-In Rights to Verve Therapeutics’ Base-Editing Programs for Cardiovascular Disease

October 31, 2023

Boston – October 31, 2023 – Cooley advised Beam Therapeutics, a biotechnology company developing precision genetic medicines through base editing, on its agreement with Eli Lilly and Company for Lilly to acquire certain rights under Beam’s amended collaboration and license agreement with Verve Therapeutics – including Beam’s opt-in rights to co-develop and co-commercialize Verve’s base-editing programs for cardiovascular disease. Lawyers Ken Krisko and Christophe Beauduin led the Cooley team advising Beam.

Under the terms of the agreement, Beam will receive $200 million in combined upfront payment and $50 million in equity investment, along with up to $350 million in potential future development-stage payments upon completion of certain clinical, regulatory and alliance events – for a total of up to $600 million in potential total deal consideration.

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